In this interview for the High Frequency Trading Review, Mike O'Hara talks
to Leo Melamed, financial market innovator, writer, lecturer and
international authority on futures markets. Mr Melamed is recognized...
By Emma Farge
High-frequency traders have caused U.S. commodity futures prices to
disconnect from market fundamentals of supply and demand since the 2008
financial crisis, according to one of the authors...
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Regulators Approve New Derivatives Rules
Regulators approved new rules for the $600 trillion derivatives market on
Tuesday, aiming to raise competition and impose more rigorous risk
management on an...
To All Farmers and Grain Merchants,
In June of 2012, the Commodity Futures Trading Commission (CFTC) intends to
impose a change in the method by which grain futures settlements are...
By Jeremy Grant
High quality global journalism requires investment.
The cardboard cut-out photo figures of John Damgard, outgoing Futures
Industry Association president, dotting the conference venue said it all.
This was the...
BY SCOTT PATTERSON
BOCA RATON, Fla.—A top U.S. regulator said his agency plans to widen
day-to-day monitoring of the commodities and futures markets, targeting the
high-speed trading firms that are a...
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correspondent Paul Solman spoke with author Robert Harris whose fictional
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SEC Investigating High-Frequency Trading Firms On Suspicions Of Collusion
March 23 (Reuters) - The U.S. securities watchdog is looking at whether some high-frequency trading firms have used their close links to computerised stock exchanges to gain an unfair advantage over other investors, the Wall Street Journal said.
The Securities and Exchange Commission is focusing on computer-driven trading platforms of exchanges, including BATS Global Markets Inc, the paper said, citing people familiar with matter.
Specificially, it will examine whether firms collude to limit competition or manipulate markets, it quoted a person with knowledge of the matter as saying.
Regulators have sent letters to a number of high-speed firms requesting information about their trading activities and communications with exchanges, the paper said, adding that the probe is still in its early stages and there is no suggestion of wrongdoing by trading firms or exchanges.
BATS declined to comment to the Journal. SEC and BATS could not immediately be reached for comment by Reuters outside regular U.S. business hours.
High-frequency firms rely on rapid-fire trades and short-term strategies to earn profits on fleeting price imbalances.
The SEC probe stems from a broad look at computer trading that regulators initiated after the "flash crash" in May 2010, when stocks fell and rebounded sharply within minutes, following glitches in computer-trading systems, the Journal said.
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